Popular culture is full of references to the hard sell tactics timeshare companies use,
and for good reason. Eventually, many timeshare owners want a way out—but it’s not
nearly as easy to exit these contracts as it is to enter them.
Timeshare Resort in Mexico (Photo: Kirt Edblom via Flickr/ CC BY-SA 2.0)
According to the American Resort Development Association (ARDA), more than 9 million Americans own timeshares. Many timeshare owners are perfectly happy with their investments and enjoy returning to a favorite vacation spot year after year. Others, however, feel differently.
For various reasons, many owners seek to get rid of their timeshare purchase. Perhaps
the location no longer holds the same allure, or health reasons can limit travel. Those
who inherit timeshares often don’t want them, especially considering the hundreds or thousands of dollars in yearly maintenance costs. Given the ease and speed in which timeshares are sold at fancy resort presentations, you may be surprised to learn they’re extremely difficult to get rid of. Most timeshares resell for zero to 15 percent of the original purchase price.
If you seek to exit your timeshare agreement, make sure you understand the difference between timeshares exit companies and resale companies—they sound similar, but have two different purposes. Exit companies aim to release you from your contract altogether, while resale companies put your timeshare on a platform where people can buy or rent it. This article focuses on timeshare exit companies only. Here, we outline five of the best exit companies to work with.
Timeshare Exit Companies (TEC)
TEC is a review website where you can find information about more than 50 different timeshare exit companies. They are also a timeshare exit advisory—in other words, they try to help timeshare owners find a reputable timeshare cancellation company to work with. After an initial consultation, TEC recommends the company which they believe is the most qualified to succeed in resolving your claim.
TEC teams up with a select few exit companies, which they select based on BBB ratings, customer reviews and additional background checks. Importantly, they prefer to work with companies offering an escrow payment option, so the timeshare exit company is paid in full only after the timeshare issue has been resolved. This insures that you’ll easily be able to get your money back if the service does not meet your satisfaction.
You can book a free initial consultation with TEC at: https://www.timeshareexitcompanies.com/
Newton Group
Since 2005, Newton Group has helped thousands of timeshare owners successfully exit their timeshare contracts. Utilizing their 18+ years of experience, Newton Group’s website provides many resources, testimonials, and an explanation of their 5-Step Process. Newton Group’s timeshare experts work in tandem with the attorneys at their partner law firm to present you with every available exit option. Your personal attorney will review any exit options presented to you by Newton Group, provide legal advice, and review your file for possible claims.
Newton Group offers a unique experience in exit services combined with personal legal representation for one affordable flat fee. Additionally, no law firm offers what their partner law firm does–legal representation with Newton Group’s timeshare experts assisting throughout the process. Newton Group ensures every available option is presented to you through their comprehensive process.
Timeshare Compliance
Timeshare Compliance is a full-service consumer advocacy group that helps clients legally and successfully exit timeshare contracts. Based in Aliso Viejo, California, they’ve been in operation since 2012 and have excellent ratings with both the Better Business Bureau and Trustpilot. On their website, you’ll find informative articles and resources (such as a timeshare calculator that helps determine the actual cost of your timeshare) as well as a detailed description of their exit process.
The first step is to take the short qualification survey on the company website to see if you’re a match for their services. After a short conversation with a client strategist, your case is assigned to an analyst who crafts a service agreement and a team of legal experts begins to advocate on your behalf.
Currently under review
Wesley Financial Group
Wesley Financial Group has operated since 2012. Unlike some other timeshare exit companies, Wesley Financial Group does not use lawyers to attempt to cancel your timeshare. Instead, they follow what they call the ““Advocate Model” by helping their customers make phone calls and write letters to their timeshare company in an attempt to release them from their obligations.
After their four-step process—initial consultation, account review, account resolution (which can take several months), and successful termination—is complete, you’ll be notified that you are free and clear from your timeshare obligation. Wesley offers a 100% Money-Back guarantee if they cannot get you out of your timeshare contract.